News

In response to a letter from Connecticut Gov. Jodi Rell welcoming New York’s hedge fund industry to move to the Nutmeg State, the New York Hedge Fund Roundtable is offering a cautious “thanks, but no thanks.”

C12 Capital Management, the hedge fund firm that debuted last year when it bought more than $12 billion in toxic assets from Barclays, primarily with Barclays’ own money, is set to launch its first hedge fund for outside investors.

The New York-based firm, founded by 45 former Barclays bankers led by Stephen King and Michael Keeley, plans to launch its Helix Liquid Opportunities Fund in the fall.